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Michigan Legislature
Michigan Compiled Laws Complete Through PA 19 of 2024
House: Adjourned until Tuesday, April 9, 2024 1:30:00 PM
Senate: Adjourned until Tuesday, April 9, 2024 10:00:00 AM


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Act 112 of 1961 - STATE LOANS TO SCHOOL DISTRICTS (388.981 - 388.985)
Section 388.981 ‑ State loans to school districts; bonds, notes, or commercial paper.
Section 388.981a ‑ Issuance of bonds by state administrative board.
Section 388.981b ‑ Security for payment or purchase of bonds, notes, or commercial paper; authorization and approval by state administrative board; authority of state treasurer or deputy treasurer.
Section 388.981c ‑ Bonds and notes; revised municipal finance act inapplicable; agency financing reporting act applicable.
Section 388.982 ‑ Sale of refunding bonds, notes, or commercial paper; disposition of proceeds; payment.
Section 388.983 ‑ Appropriation for payment of principal and interest on bonds or notes.
Section 388.984 ‑ Money repaid by school districts on loans from school loan revolving fund; deposit; assignment of loans or repayments on loans.
Section 388.985 ‑ State loans to school districts; notes.

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